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you're getting from your company years down the road will be taxed at 30%, or would you started in china or indiwhere the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the unit states in the futur which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies. >> that's absolutely right. apple and microsoft, for example,enefited early on from high income individuals pumping and a few hundred thousand dollars to help those companies get started and grow. those high income people could alternatively put their money in and say tax-free muni bonds. if we raise the capital gains tax rates, which people are going to say, i'd rather put my money in state muni bos. i'm not i am not going to fund these risky growth companies, which would be terrible for the overall economy. gerri: i think your best argument is lower capital gains means more jobs. i think that is appea
you're getting from your company years down the road will be taxed at 30%, or would you started in china or indiwhere the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the unit states in the futur which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies....
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Dec 31, 2012
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what rights does an american have on north korea, iran, china, or for that matter indonesia and what rights does an american jew, gay or woman in chile and syria? what obligations we have to the french nation to suggest we are citizens of the world destroys our understanding of the term and weakens us at the performance of the duties of the citizen. one might say that the american power was the 1969 moon landing, and since then, we'll be successful the empire in history according to the greatest access to prosperity, happiness and public life and history have been on the decline. this decline has given as inevitable. nothing lasts forever. this period of diminishing american hegemony, however, may be one of calfee age. we are the owners of the country and its board of directors, and we may find the strength to reasonably consider the options open to us in this confusing time, none of them is perfect. and this is a time we must make a moral choice which is to say a choice between the two flawed or bad alternatives. if we do not choose, the choice will be made for us by those uninteres
what rights does an american have on north korea, iran, china, or for that matter indonesia and what rights does an american jew, gay or woman in chile and syria? what obligations we have to the french nation to suggest we are citizens of the world destroys our understanding of the term and weakens us at the performance of the duties of the citizen. one might say that the american power was the 1969 moon landing, and since then, we'll be successful the empire in history according to the...
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mercenaries in syria and the fact that russia and china and iran stood firm on. the entire time table that nato at that in mind iran this destabilization. and now the entire arab spring scenario is. it's not disintegrate it's becoming a nightmare one that spread to western allies in the region like bahrain for mass protest arrest and even death have been provoked much global media coverage or any push for democracy. instead provocations like the film the innocence of a muslim made headlines and incited outrage across the arab world funded in the u.s. and considered highly offensive to islam the movie didn't go over well in states now run by islamist after post revolution polls in egypt and tunisia. u.s. embassies were left in shambles as flags burned and freedom of speech was back on the debate table where tonight the film was banned in some countries like russia and defended by others like the states as a protected life of expression rights not awarded to whistleblowers like julian assange and who had a busy year and here he was granted political asylum by ecuad
mercenaries in syria and the fact that russia and china and iran stood firm on. the entire time table that nato at that in mind iran this destabilization. and now the entire arab spring scenario is. it's not disintegrate it's becoming a nightmare one that spread to western allies in the region like bahrain for mass protest arrest and even death have been provoked much global media coverage or any push for democracy. instead provocations like the film the innocence of a muslim made headlines and...
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Dec 31, 2012
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china appears to be stabilizing and the rest of the emerging markets are growing. more demand for export business. number two, corporations are sitting on $1.5 trillion of cash. they have a lot of cash. they just need to know how to spend it based on overall tax policy. and number three, if you look at equipment and plant equipment in america today, the inventory is old and due reinvestment and upgrades. there's a lot of pent up demand for investment spending. >> there have been a few bright spots in our economy anyway. i think of housing, which has been in recovery mode right now. does that continue in 2013 even if we do see this -- some sort of resolution of the fiscal cliff and what it could do to paychecks and jobs in the economy? >> the offset is that people look at the value of their houses and start feeling better. one-third of household wealth is the value of their house and if they start seeing prices stabilize and appreciating, that could offset some pullback in overall consumer spending. >> where will we make money then, do you think? >> my sense is emer
china appears to be stabilizing and the rest of the emerging markets are growing. more demand for export business. number two, corporations are sitting on $1.5 trillion of cash. they have a lot of cash. they just need to know how to spend it based on overall tax policy. and number three, if you look at equipment and plant equipment in america today, the inventory is old and due reinvestment and upgrades. there's a lot of pent up demand for investment spending. >> there have been a few...
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now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe investments. but other things that are traditionally considered to be safe like utility stocks and reit, things that are really dependent upon the cost of long-term money, we think durable. gerri: volatility can be your friend. >> because down or volatility can create buying a virginities if you are positioned for a. buy things lower. buy low and sell high. gerri: that is always the case. to you as you lookkat this market going forward. we just showed these numbers. up 13% on nasdaq at 17. what is interesting about this is that i don't b
now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe...
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the republican party couldn't stop producing all that discourse about asia, about china. asian americans are sitting there listening to this. and they're like, "that's kind of crazy." you know? they couldn't stop with all that homophobia. gay americans are sitting there thinking, "you know, these people are nuts, man. do i want them four years in office?" and the latino community spent the last four years being a punching bag for this country's economic decline and being sort of connected one to one with this idea that latinos are all criminal -- illegal immigrants -- you know, undocumented. and so i think lots of folks were thinking, you know, "this guy is no good." now will it ever be this clear again? will folks feel that this one candidate is against all of them? i'm not sure. but it's a lot of power for the first time. >> but part of the republicans got it. there are some people in washington, on capitol hill, who say, "we got the message. and we're going to change." what if they pivot? >> well, but wouldn't it be nice to have a real conservative party in this countr
the republican party couldn't stop producing all that discourse about asia, about china. asian americans are sitting there listening to this. and they're like, "that's kind of crazy." you know? they couldn't stop with all that homophobia. gay americans are sitting there thinking, "you know, these people are nuts, man. do i want them four years in office?" and the latino community spent the last four years being a punching bag for this country's economic decline and being...
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it looks like apple's mini ipad is a big hit in china. apple's stores both on the mainland and in hong kong are reportedly either out of stock or have tight supplies. apple climbed nearly 4.5% to close at $532. some big changes over the weekend at zynga. the online game maker slashed 11 games from its library as part of its cost-cutting plans. shares of zynga were up just $0.03 to a little more than $2, well below their $10 i.p.o. price from last december. cal-maine foods slipped nearly 10% after the egg producer reported a drop in prices and higher feed costs. shares were down more than $4 to $40. oliffs natural resourd tkeac n some decent gains on the back of some positive manufacturing data from china. cliff's tacked on nearly $3 , or 8.5%. and in the commodities corner, oil and gold both posted some gains on exnsctaatiof o f scal cliff deal in washington. oil climbed a little more than a dollar to $91 o0, il but p pces still logged their first annual loss in four years. , fo1220crude-oil prices fell more than 7%12 gold climbed nearly
it looks like apple's mini ipad is a big hit in china. apple's stores both on the mainland and in hong kong are reportedly either out of stock or have tight supplies. apple climbed nearly 4.5% to close at $532. some big changes over the weekend at zynga. the online game maker slashed 11 games from its library as part of its cost-cutting plans. shares of zynga were up just $0.03 to a little more than $2, well below their $10 i.p.o. price from last december. cal-maine foods slipped nearly 10%...
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. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics a
. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well...
WHUT (Howard University Television)
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. >> excellent news out of china. pmi is an index or the ask people how confident you are feeling, indicating the fourth quarter of the year, china has seen a very marked pickup in economic growth. that is extremely good news because china had been having a pretty sluggish time of things over the course of the first half of 2012. this is leading the optimism that 2013 could break away from the economic doldrums. nonetheless [indiscernible] >> there you go. thank you very much. u.s. secretary of state hillary clinton is receiving treatment at a hospital in new york for a blood clot. she suffered a concussion earlier this month after fainting and falling down. the blood clot was discovered during a follow-up medical examination rea. >> hillary clinton earlier this month. it is believed it was while on her trip to europe that the u.s. secretary of state contracted a stomach virus that left her severely dehydrated. on her return home, she collapsed and severed a concussion. during a follow-up examination, doctors have dis
. >> excellent news out of china. pmi is an index or the ask people how confident you are feeling, indicating the fourth quarter of the year, china has seen a very marked pickup in economic growth. that is extremely good news because china had been having a pretty sluggish time of things over the course of the first half of 2012. this is leading the optimism that 2013 could break away from the economic doldrums. nonetheless [indiscernible] >> there you go. thank you very much. u.s....
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we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there is going to be a tax increase for a certain group of people. would i be willing to say yes to that? i think the answer is yes, if the expenditures really -- and i mean by a big margin, really go down so that this country could become balanced. we owe $17 trillion as a country. and unless something happens, there is going to be disa catastrophe the likes of which we've never seen. so the leaders have to get together and they have to make the big deal. not a stop gap. i'm watching you this morning and they talk about the little deal, the little deal, there is no little step. it's on
we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there...
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then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all that is a positive, but we have come to expect in the asset markets a 10%-plus type of return for taking equity risk. and really if the real economy only grows at 2% to 3%, it is a case of spending straw into gold and how long that will continue. a 5% return from stocks, 2% to 3% from bonds is something we should expect going forward even with the pluses that you mentioned. >> what about your outlook for gold? your outlook is that gold is going to move higher in 2013, and i would assume that's because you know the fed will be in the house. >> we think gold will move higher as will commodities. it is hard to say exactly how much. gold to my way of thinking is a function of real interest rates to the extend real interest rates continue low and even come lo
then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all that is a positive, but we have come to expect in the asset markets a 10%-plus type of return for taking equity risk. and really if the real economy only grows at 2% to 3%, it is a case of...
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this is his chance to put that expertise into fray, egypt, seara iran, russia, china. it will be a big year for senator kerry. >> if confirmed. a lot of people think 2016. we hear about jeb bush. what about this year? >> the bush family brand was clearly damaged between 2001 and 2009. the outpouring of love for george h.w. bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have -- he has already begun doing this, stab himself as an ideological cornerstone for his party. he can draw his party back to the reasonable center. >> do you suspect he will make the move? >> that will be hard for him especially with the wide open primary. >> let's move on to business in 2013. marisa mayer coming to yahoo! from google. >> the fact she's a woman, so very young, announced her pregnancy on the day she was announced as the new head of yahoo!. none of that matters to yahoo!. is she going to acquire apps, acquire a tech company? the fact that they released a new flicker that can compet
this is his chance to put that expertise into fray, egypt, seara iran, russia, china. it will be a big year for senator kerry. >> if confirmed. a lot of people think 2016. we hear about jeb bush. what about this year? >> the bush family brand was clearly damaged between 2001 and 2009. the outpouring of love for george h.w. bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have --...
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the main growth engines are firstly china, which will grow at about 8%. the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i think president obama is proposing the concept of a fallback option, which would at least deliver some of the extension of the tax cuts and also unemployment benefits, which is very important. if the unemployment benefits cease after the first of january, that has an immediate impact on expenditure in the u.s. on about 2 million unemployed people. i think he is going to try to put together a skeleton deal to at least bridge the gap while negotiations continue. u.s. secretary of state -- >> u.s. secretary of state hillary clinton has been taken to hospital. she suffered a concussion earlie
the main growth engines are firstly china, which will grow at about 8%. the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i think...
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china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no time to finish that. irs moved back withholding tables. there is still a few days. deal that raises taxes increases spending and ignores entitlement reforms i'm a no on any deals. david: no on deals from all three of you guys. wish we had better news to report but happy new year. keep it real at least for the new year. congressman huelskamp, mulvaney and kucinich. liz: thank you for your presence on the show. >> thank you. liz: while the world is watching the clock closely while we face the fiscal cliff deadline, wilbur ross says there is looming deadline that could cause the u.
china just, is investing billions of dollars in high-speed rail. what are we doing here in this country? we should be rebuilding america. have more taxpayers and quit putting increased burden on taxpayers. >> then raise the taxes. liz: will we have a deal tonight? >> dennis, raise taxes to pay for it, please. take that position and come out and say raise taxes to pay for it. stop borrowing money to do what you said. liz: representative humans camp will we have a deal? >> no...
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play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31. and they have in common a new blood-clotting drug, and everyone's very, very excited about that. bristol-myers developed it, and pfizer will be marketing it. so we hi there's huge opportunity -- we think there's huge opportunity
play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what...
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but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the day. right now seeing session highs of 1.2%. as you mentioned, apple shares providing a nice lift to the nasdaq. recent note from topeka capital, an insatiable appetite in hong kong and china for the ipad mini. some of the bullish commentary notes. facebook shares also up 2.6%. upgrading the stock from sell to buy, writing that facebook has ad spending from large brands. interestingly enough, look the at as in dab 100 just for q4, facebook made that list. other stocks on the list include yahoo! virgin media and green mountain coffee. sue, back over to you. >> thank you, seema. >>> we are waiti
but strong data out of china on manufacturing. we have a 5% gain year to date in copper. copper higher but logging losses for the year. platinum losing more than 10%. simon, back to you. >> thank you, jackie. behind the headlines we are doing very well at nasdaq. out performance there own likes of apple seema mody, up 3.5%. >> absolutely. apple shares definitely helping nasdaq given the fluidity of the situation in washington, simon, hard to predict where the markets will end on the...
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china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic indicators up, what they're doing with the job is good, performance is good. asia will take a while, to the end of 2013. we'll see good entrepreneurial activity. that's going to depend on good performance in stocks. >> it will appreciate even with weaker economy or, you know, stagnated economy because there's not much growth to be accepted from all europe, you know, obviously call europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., euro and particularly euro
china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic...
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the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. first of all, it is kind of technical, but they tried to do it through legislation for 10, 11 years. that's cap and trade we are talking about. now in order to do it through regulation you have to have what is called an endangerment finding. we had our committee and i said i have a feeling you will have an endangerment finding so you can regulate something you have tried to do through legislation. i saw her smile. frankly i like her. she gives honest answers, at lea
the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept...
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>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world not the third. and one thing interesting we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things americans will wonder what happened. because the idea of our being number one is so woven into our conception of ourselves. >> let's not forget this is only the second time in their long island history that the people of great britain celebrated the diamond jubilee of a monarch. this is the year the pope tweeted for the first time. >> woodruff: surely something that will go down in history. >> in some way was didn't happen, at the end of the year standard & poor's upgraded greeces bond rating europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly. whic
>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world not the third. and one thing interesting we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things...
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china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market, despite the economy growing 7%, 8%, 9% or so. as the chinese president said this morning, there will be policies put in place to support growth. and whatever nervousness in the transition is going to fade and policymakers can get more involved. >> we've seen this play out in the metal stakes. the best fourth quarter in two years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also ties into what clearl
china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market,...
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. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >>> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >>> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they
. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a...
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>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world, not the third. and one thing interesting, we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those things americans will wonder what happened. because the idea of our being number one is so woven into our conception of ourselves. >> let's not forget this is only the second time in their long island history that the people of great britain celebrated the diamond jubilee of a monarch. this is the year the pope tweeted for the first time. >> woodruff: surely something that will go down in history. >> in some way was didn't happen, at the end of the year, standard & poor's upgraded greeces bond rating, europe found a way to muddle through. and the world didn't end on december 21st. >> woodruff: compactedly.
>> china i think is very important thing to mentionment because in the last two years china has become the second largest economy in the world, not the third. and one thing interesting, we sent three astronauts into outer space, docked with another module that is what a country does when it really wants to be a big superpower in the future. so 50 years from now it's not impossible that china could be at least an equal or the dominant superpower in the world, if it is either of those...
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chapter seven which provides for the use of sanctions on the use of force eventually and russia and china are convinced hundred percent that this would be a disaster and that this would be the beginning of a very slippery slope and will bring us to the libyans in the area which we cannot afford anymore and the region cannot afford the security council was once expended only in the category of not permanent members and no. after several decades of the council functioning in the unchanged composition there is a very strong movement towards expanding its membership to better reflect the. pluralism of the of the world community and we are strongly in favor of this we are convinced that the developing countries and the first of all the new economic and financial leaders in the third world countries like india brazil for example that they must be represented in the security council and we would be in favor of making them new permanent members provided of course the decision is taken to create new permanent seats like yours said russia is permanently blocking attempts of some of your own securit
chapter seven which provides for the use of sanctions on the use of force eventually and russia and china are convinced hundred percent that this would be a disaster and that this would be the beginning of a very slippery slope and will bring us to the libyans in the area which we cannot afford anymore and the region cannot afford the security council was once expended only in the category of not permanent members and no. after several decades of the council functioning in the unchanged...
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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ge can diversify by opening a plant in china. it is easy to get productivity by going overseas. small business if you talk to anybody we don't know what will happen. we do know the president wants to raise our taxes. here is where the debate is absurd. the president says let's make it $250,000. it is fairness. people at the upper end, we need to be fair. he forgets those people, there are so many small businesses that file as individuals. a small business making $250,000 a year employ 10 people at least. if you raise their taxes, they are going to layoff one of those. that could be -- you could see that stream throughout the economy. >> jim rogers who is a economic commentator has said it is inevitable we will have another recession. is he right? >> you know, i worry about people who talk about inevitability. i don't know. say we stay where we are right now, this is like a permanent recession. positive gdp growth, but let's talk about real world factors here. unemployment or lack of employment. the unemployment rate went down to 7.7% from 7.9% because the labor force is shrinkin
ge can diversify by opening a plant in china. it is easy to get productivity by going overseas. small business if you talk to anybody we don't know what will happen. we do know the president wants to raise our taxes. here is where the debate is absurd. the president says let's make it $250,000. it is fairness. people at the upper end, we need to be fair. he forgets those people, there are so many small businesses that file as individuals. a small business making $250,000 a year employ 10 people...
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opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on iran i think a lot of the bush crew might have already intervened and so you know as much of a warmonger as obama is there is in a a a fortunate slight change in foreign policy from the bush years well what do you think what's the setting in america to tell my foreign audience how americans are ending the year you know is a good mood i mean we have the newtown shooting which is really heart wrenching his america changed in this year. you know what not a lot of changed the republican party opposing obama at every juncture and not negotiating with them right now the fiscal cliff is coming and we're all going
opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on...
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FBC
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so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you asked that. so one of the things we look at is, the quality. is a company able to operate and deliver earnings and dividends in a variety of market conditions. ashley: yes. >> and we see that a lot with the consumer, both consumer staples and consumer discretionary. one stock we really like is safeway. now it has been beaten down, i know, but it has, but this is the value. this is where to get in. so that is one of our stocks that we like. another one we also like is staples. not quite as beaten down but done very well in a variety of market conditions. you still need office supplies. no matter what. we're still going to
so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you asked that. so one of the things we look at is, the quality. is a...
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. >>> strong growth in china fueled markets there. the shanghai composite index gained more than 1.5% while hong kong's hang seng lost a fraction and tokyo's nikkei was closed for the holiday. >>> it will be another short week on wall street because of new year's and promises to be another volatile week especially if no deal is reached on the fiscal cliff. on friday the dow dropped 158 points while the nasdaq fell 25 points. >>> ford motor's had another banner year. the automaker says they sold 2.2 million vehicles here in the u.s. in 2012. that's up from 2.1 million last year. the ford focus is their most popular model. this is the second year in a row ford has topped 2 million in sales, the only u.s. company to do that. >>> there may not be many happy returns this year, especially if you don't have your receipt. the national retail federation says $63 billion worth of presents will be taken back to stores, but receipted could be vital because many stores are tightening rules on refunds and exchanges. >>> and hollywood had a record-s
. >>> strong growth in china fueled markets there. the shanghai composite index gained more than 1.5% while hong kong's hang seng lost a fraction and tokyo's nikkei was closed for the holiday. >>> it will be another short week on wall street because of new year's and promises to be another volatile week especially if no deal is reached on the fiscal cliff. on friday the dow dropped 158 points while the nasdaq fell 25 points. >>> ford motor's had another banner year....
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i love big bird, i like you, too, but i'm not going to keep on spending money to borrow from china to pay for. >> labor protests against the largest private employer, walmart, is expanded to 28 stores in 12 states. organizers describe the action as the first retail workers' strike in walmart's history. >> i work in the warehouse in illinois. the conditions are terrible. a lot of safety issues, broken equipment that was not getting repaired. they would push us to work at a rate that makes it even more unsafe. we finally just had enough. we started to organize, we started a petition, just asking for basic rights. manager refused to take it, so that was the final straw. that was it and we walked out that day. >> from denver, colorado, this is a democracy now! special broadcast, expanding the debate. >> what i am most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hard- working americans. that is what people will be listening for, that is the debate you desert. >> my record is out there, proud of it. if people w
i love big bird, i like you, too, but i'm not going to keep on spending money to borrow from china to pay for. >> labor protests against the largest private employer, walmart, is expanded to 28 stores in 12 states. organizers describe the action as the first retail workers' strike in walmart's history. >> i work in the warehouse in illinois. the conditions are terrible. a lot of safety issues, broken equipment that was not getting repaired. they would push us to work at a rate that...